Marketing Automation

Fostering Co-Marketing & Referral Relationships

5 mins read
May 30, 2023
By
Total Expert

Our Salesforce Value Realization series has looked at strategies to set up loan officers (LOs) for success on Salesforce—specifically by giving them purpose-built tools to make sense of the rich customer and prospect data captured in Salesforce, then put it into action. Co-marketing is typically the most important lead-gen channel for LOs, making it a key focus for driving LO adoption of Salesforce. The questions are: How can you help less-experienced LOs build healthy referral networks, and how can you help more-experienced LOs efficiently manage their existing co-marketing relationships?

Once again, the critical strategy is layering on a vertical-specific toolset built to integrate with the horizontal Salesforce platform, to help LOs automatically pull out CRM data to make it actionable and usable.

Why co-marketing support is critical for Salesforce adoption

Veteran LOs may hate to admit it, but most homebuyers’ first call isn’t to an LO; it’s to a real estate agent. Right or wrong, most people think about finding the perfect home before they think about paying for it.

We should give real estate agents a little credit, too: from bus benches and billboards to sponsoring community events and other grassroots outreach, real estate agents are some of the most proficient marketers out there.

As the old saying goes, “If you want to go fast, go alone. If you want to go far, go together.” Joining forces in co-marketing relationships creates a powerful, natural synergy that enhances value for the homebuyer while providing long-term growth opportunities for LOs. In fact, most LOs already get the majority of their referrals through partnerships with real estate agents.

Through Total Expert’s integration with Salesforce, LOs can begin managing co-marketing relationships with real estate partners. This goes beyond just managing a contact record in Salesforce. It means partnering with realtors within the Total Expert platform when it comes to building out marketing materials as they grow their presence in local markets. It also means properly splitting costs with those partners when producing rate and listing flyers to ensure they are complying with RESPA requirements.

Fortunately, Total Expert helps take LOs tackle one of the biggest challenges (and pains) of co-marketing: the time-consuming process of creating and managing all the materials that make a co-marketing relationship successful. From flyers, leave-behinds, and single-property websites, we’ll take the hassle out of managing your co-marketing relationships and all the associated materials.

Here’s how Total Expert’s purpose-built functionality can help LOs make the most of Salesforce:

Leverage a library of high-quality co-marketing templates

LOs aren’t graphic designers. They shouldn’t be spending their time creating open house flyers. At best, it takes time away from direct customer interactions. At worst, it’s actually hurting the co-marketing partnership—leading to inconsistent and low-quality marketing materials.

Total Expert gives LOs immediate access to a wide library of templates for co-marketing materials: open house flyers, rate flyers, and other materials to create a complete and cohesive co-marketing package. LOs get substantial time back while lending organizations get the peace of mind and protection of pre-built templates that are fully RESPA-compliant, with functionality that makes it easy and intuitive to split costs with referral partners.

Create custom single-property sites with point-and-click workflows

Homebuyers increasingly expect the convenience of single-property websites where they can find all the relevant info on a listing. But LOs also aren’t web designers. And they shouldn’t have to engage an expensive vendor just to create a single-property website.

LOs can use Total Expert’s pre-built site templates—with point-and-click, drag-and-drop workflows—to quickly customize a site that pulls in pre-configured data feeds such as a property’s historical valuation and forecasted appreciation, key neighborhood data, and more. Adding a lead form to the site automatically funnels contact data back into Salesforce to feed Total Expert’s insight-triggered lead nurture journeys.

Automatically pull in the right information

Because Total Expert’s integrates directly with 90% of the MLS providers, we’re able to quickly populate co-marketing materials and single-property websites with property descriptions and photos, ensuring accuracy for LOs and their partners. Additional integrations with Great! Schools powered by Google provide listing flyers with local information relevant to potential home buyers.

By automating this type of data collection, LOs can put a greater focus on developing relationships with their potential customers and real estate partners while delivering best-in-class materials that drive deeper engagement and higher conversions.

Track results with automated dashboards

The reality is that not all co-marketing partnerships are worth LOs’ time. On the other hand, some are particularly fruitful. The challenge is effectively (and quickly) differentiating the high-and low-performing relationships, to properly allocate time.

When your LOs create co-marketing materials and websites through Total Expert, relevant lead generation and performance data is automatically aggregated and populated into a co-marketing dashboard view. LOs can easily see which referral relationships are producing the results they want, so they can invest time and resources accordingly.

Give LOs the tools to be agents’ best friends

Giving LOs purpose-built co-marketing tools offers needed guidance to less-experienced LOs and valuable time-savings to more experienced LOs. But on a broader level, the ability to easily and efficiently create a complete package of high-quality, customized co-marketing materials makes an LO an even more valuable partner for busy, successful real estate agents.

Empowered with these purpose-built, vertical-specific capabilities that layer seamlessly on top of the Salesforce CRM, your LOs can confidently take on the responsibility of creating co-marketing collateral—building and fostering these vital referral channels to bring new leads into their pipeline.

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The pilot program, he said, was rooted in an iterative approach with tight feedback loops. “As we learn… it gives us information, and we make adjustments… A key thing we’ve learned with AI projects… get really super clear about what it is in the business that you are improving. Give them that target… so it’s not this ambiguous sort of black box.”

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Borrower experience is also improving. “One of the pleasant surprises… is the quality of the experience to the end consumer,” he said. Whether or not lenders disclose that a caller is AI, “the quality of the interaction is so high, they continue down the path.” The AI agent maintains “the right tone… the ability to match… the tempo of the conversation” while instantly tapping into contextual customer data.

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Best Practices for Executive Teams Deploying AI in Financial Services

The AI revolution feels like humanity just discovered fire—and everyone is racing to see what they can ignite.

That means a rush of AI pilots and proofs-of-concept across all industries, many of which launched without evaluating each use case against actual business value.

As I meet with CEOs and executive teams from leading mortgage lenders and financial institutions, the conversation has shifted from “What can AI do?” to “How do we deploy AI responsibly, at speed, and with measurable impact?”

The market leaders I work with are outpacing competitors by following a remarkably consistent playbook. They’re not just testing AI, they’re embedding it across their organizations with purpose, speed, and discipline.

Below, I’ve distilled the best practices I’ve observed from the institutions getting the most from AI today.

Anchor AI strategy to business outcomes

Tie every AI initiative to a clear business priority—whether it’s loan growth, customer retention, or operational efficiency.

Define KPIs, ROI targets, and adoption metrics before a project begins. No project should exist without a measurable path to value.

Start with high-impact, low-friction wins

Focus first on areas where a proof of concept or pilot is feasible within 30-60 days. Conversational and Voice AI solutions provide many options for pilot use cases. Other common use cases involve document classification, predictive churn modeling, or intelligent lead scoring. These early wins build momentum, prove ROI, and prepare teams for more complex deployments.

Invest in data quality and governance early

AI is only as good as the data feeding it.

Start by creating a single source of truth for customer and loan data. Then, anticipate obstacles to deploying AI with your data, such as consumer consent and preference management, and start addressing these things ASAP. Investing in tools like Customer Intelligence will help enrich your data and increase its value.  

Embed compliance and risk management from day one

Regulations such the Gramm-Leach-Bliley Act (GLBA), TCPA (Telephone Consumer Protection Act), and UDAP (Unfair, Deceptive, or Abusive Acts or Practices) will be a few key areas where regulators dig in and look for companies cutting corners.

Create a cross-functional AI task force

Bring together leaders from product, compliance, data science, operations, and customer experience. Avoid siloed pilots—alignment ensures every initiative supports the broader business strategy. Include change management expertise to drive adoption, not just deployment.

Prioritize customer experience and trust

Every organization has gaps in their customer journey and can benefit from leveraging AI to provide human-like touch points throughout the experience. Use AI to remove friction, improve transparency, and deliver personalization at scale. Keep humans informed about high-stakes decisions and be transparent with customers about how AI is used and how their data is protected.

Build for integration, not isolation

Select AI solutions that integrate seamlessly with your CRM, LOS, core banking systems, and data lakes. Use APIs and modular architectures to avoid “AI silos” that slow scale and ROI.

Focus on talent and change management

Embracing AI with a growth mindset should be table stakes. Incentivize adoption so teams see AI as an enabler—not a threat to their roles. Upskill executives and frontline teams in AI literacy. When needed, recruit or partner for deep ML and data science expertise.

Measure, monitor, and iterate

AI is not a one-and-done project—it’s a living product. Track performance, user adoption, and ROI continuously, and refine models quarterly to maintain accuracy and relevance.

Choose the right tech partners: favor vertical specialists

Partner with vendors who understand financial services—especially your unique customer journeys or workflows. Deep domain understanding on core systems, database schemas, compliance, and other nuances will be a key factor in the results you achieve.

Benefits of vertical-focused partners:

  • Deep understand of unique data sets and customer profiles
  • Faster implementation with industry-specific models
  • Built-in regulatory and risk controls
  • Product roadmaps aligned to lending and banking trends

Horizontal AI tools have their place, but without deep domain expertise, they often require heavy internal customization and a slower time to value.

The future is here

AI today is not the same as the project in 2018 that failed to deliver those operational efficiencies in the back office everyone was promised. Its potential to transform nearly every part of our businesses is becoming increasingly clear. Every day you delay, competitors are building up their capabilities and you will struggle to catch up. As one of my investors put it bluntly, “Every day you fail to execute a comprehensive AI strategy, the value of your business goes down.”  

To learn more about how Total Expert is working with our customers on high-impact AI initiatives, please reach out to our team.  

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